AIG General Re News

Greenberg Denies Getting Involved in Details of Reinsurance Deals

Maurice “Hank” Greenberg told a judge that he was just too busy to commit fraud. After 4 1/2 days of intense questioning by a government lawyer, Greenberg finally got to elaborate on his defense to civil fraud allegations through friendly …

Greenberg: Managers’ Concerns Fueled Auto Warranty Reinsurance Deal

Less than an hour into the third day of testimony in the fraud trial of former American International Group Inc. Chairman Maurice “Hank” Greenberg, the judge took the reins. New York State Supreme Court Justice Charles Ramos interrupted Assistant Attorney …

Greenberg Pressed for Details on Auto-Warranty Program in Reinsurance Trial

A New York state court judge warned Maurice “Hank” Greenberg, the 91-year-old former chairman of American International Group Inc., that his fraud trial might last a year unless he answered questions more fully. The admonishment came during Greenberg’s second day …

Ex-AIG CEO Greenberg Testifies in Reinsurance Trial

Former American International Group Inc. Chairman Maurice “Hank” Greenberg says he got personally involved in an “insignificant” business deal at the insurance giant 18 years ago to teach some managers a lesson. Now, that deal is part of a fraud …

Greenberg’s Lawyer Says Reinsurance Charges Built on ‘Hearsay and Speculation’

The state pressed on for more than a decade with civil fraud claims against a 91-year-old former chief executive of insurance company American International Group Inc. as a warning to other executives that wrongdoing won’t go unpunished, a state attorney …

11 Years After Spitzer Sued, Greenberg’s Trial Over Reinsurance Begins

It’s a day of reckoning — or the moment of truth — for former American International Group Inc. head Maurice “Hank” Greenberg. More than 11 years after he was sued by former New York Attorney General Eliot Spitzer, Greenberg went …

Ex-AIG Chief Greenberg Won’t Surrender in 11-Year Old Reinsurance Fight

Even at 91, former American International Group Inc. Chairman Maurice “Hank” Greenberg isn’t ready to quit fighting. Greenberg scrapped with regulators and the Internal Revenue Service and beat the federal government in what some called a no-chance suit. Now, he’s …

Greenberg Facing Trial in New York AG’s Case Tied to AIG Reinsurance Deal

Former American International Group CEO Maurice “Hank” Greenberg must stand trial over alleged sham transactions, New York’s top court ruled on Thursday, as the long-time financial industry titan failed in his 11-year-old quest to escape civil fraud charges. The New …

AIG Ex-CEO Greenberg Faces January Trial in Loss Reserving Lawsuit

Maurice “Hank” Greenberg, the former chairman of American International Group Inc., will go on trial in January after more than nine years of legal jousting over former New York Attorney General Eliot Spitzer’s lawsuit accusing him of fraud. The state …

Ex-AIG CEO Greenberg Must Face N.Y. Suit, Appeals Court Says

Former American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg must face a fraud lawsuit brought by the New York attorney general, the state’s highest court ruled. The state can pursue its case over a sham reinsurance transaction and …